Our Annual Budget Planning Process outlines the steps involved, who is responsible for each step, and when each step takes place. Goal The Board approves an annual budget for the upcoming fiscal year before the fiscal year begins on July 1. Considerations Thoughtful decision-making is essential at every step of the Budget Planning Process. Ensure …
Tag: Nonprofit Governance
Regular Board Meeting
The bylaws establish the schedule for regular meetings of the Board of Directors. Article 3 DIRECTORS §8 REGULAR AND ANNUAL MEETINGS Regular meetings of directors shall be held on the second Tuesday of the month at 7:00 PM, unless such day falls on a legal holiday, in which event the regular meeting shall be held …
Chief Executive Officer (CEO)
The Chief Executive Officer (CEO) is the officer responsible for supervising and controlling the affairs of Ace Monster Toys, Inc. (dba Ace Makerspace), subject to the control and direction of the Board of Directors. Under the bylaws, the President is the corporation’s Chief Executive Officer. The CEO is therefore not a separate required corporate office; rather, the CEO …
Chair
The Chair is one of the Officers of Ace Monster Toys, Inc. (dba Ace Makerspace), serving in accordance with the nonprofit organization’s bylaws. The Chair is elected by the Board of Directors and must be a director, serving as a member of the AMT Officers team. The Chair is responsible for duties as outlined in …
Ace Monster Toys Corporate Records
An overview of Ace Makerspace’s official governance, financial, legal, and organizational records. Corporate Records Corporate records are maintained by Ace Monster Toys, Inc. d/b/a Makerspace, a California nonprofit corporation with Full Voting Members who elect the Board of Directors. These records document the organization’s governance, finances, and legal compliance while preserving the institutional history of …
Ace Monster Toys Document Retention Policy
This version of the Documentation and Retention Policy was approved by the Board of Directors at the June 18, 2026 regular board meeting. DOCUMENT RETENTION AND DESTRUCTION POLICY Ace Monster Toys shall maintain records necessary to document its governance, finances, programs, and legal obligations. The following records shall be maintained permanently: Articles of Incorporation Bylaws …
Ace Monster Toys Whistleblower Policy
The Ace Board of Directors and Officers recognize and adopt the organization’s existing Whistleblower Policy, as outlined in the current Employee Handbook, as applicable to Board members and Officers. This policy provides a framework for reporting concerns regarding suspected misconduct, unethical behavior, violations of laws or policies, or other organizational concerns. It is intended to …
Ace Monster Toys Conflict of Interest Policy
This version of the Conflict of Interest Policy was approved by the Board of Directors at the May 15, 2025 regular board meeting. I. Purpose The purpose of this Conflict of Interest Policy is to protect the interests of Ace Monster Toys dba Ace Makerspace (“the Organization”) when it is contemplating entering into a transaction …
Articles of Incorporation
The Articles of Incorporation are the founding legal document establishing the organization and its nonprofit purpose. The Articles of Incorporation state that the corporation’s specific purposes are: “to promote and encourage technical, scientific, and artistic skills through individual projects, social collaboration, and education.” Download PDF: Articles of Incorporation for Ace Monster Toys filed September 23 2010
Finance Advisory Committee
Overview The Finance Advisory Committee (FAC) supports Ace Makerspace’s financial planning and oversight by reviewing financial information, evaluating policies and procedures, and providing recommendations to the Treasurer and the Board. The FAC is an advisory body and does not have independent decision-making authority. Its role is to provide analysis, guidance, and recommendations to inform financial …